30 April 2025

Dear valued customer,

Securities and Futures Commission of Hong Kong issued a circular in relation to IPO subscription on 20 March 2025 to remind licensed corporations to take reasonable steps to ensure that the client identification data (“CID”) submitted to FINI for IPO subscriptions is accurate. These steps include but are not limited to:

(i) adhering to the waterfall requirements of FINI when submitting CID of applicants for IPO shares;

(ii) seeking clients’ confirmations that there are no other identity documents of a higher priority in the waterfall and maintaining a proper audit trail; and

(iii) performing additional verification steps if the information collected during the know-your-client process calls into question the credibility of the confirmations in (ii) above.

As such, we would like to remind individual or corporate customer that if there is any change to your identity document resulting in affecting the priority of waterfall requirements of FINI as shown at Note 1, please provide the copy of that identity document to us as soon as possible.

Note 1: Waterfall Requirements of FINI

For individual subscribers			For corporate subscribers
-	Full name as shown on their identity document.		-	Full name as shown on its identity document.
-	Identity document’s issuing country or jurisdiction.		-	Identity document’s issuing country or jurisdiction.
-	Identity document type, with order of priority:		-	Identity document type, with order of priority:
	i.	HKID card; or		i.	LEI registration document; or
	ii.	National identification document; or		ii.	Certificate of incorporation; or
	iii.	Passport; and		iii.	Business registration certificate; or
-	Identity document number.			iv.	Other equivalent documents; and
			-	Identity document number.

Thank you for your attention.

Should there be any question, please contact your Relationship Manager or our Customer Service Hotline at (852) 2718 9666.

Yours faithfully,

BOCI Securities Limited